Student Access Loan Programs-State Funded

Effective 2014-2015 (FY 2015), Georgia Student Finance Authority is offering two Student Access Loan Programs, with 1-percent interest rates, designed to assist undergraduate and technical college students who have a gap in meeting their educational costs.

Student Access Loan (SAL) Program

The Student Access Loan (SAL) Program is a need-based, low interest loan program administered by the Georgia Student Finance Authority (GSFA). The SAL Program may be funded by state general funds, proceeds from the Georgia Lottery for Education and public and/or private donations. The purpose of the program is to assist with the affordability of a college education, encourage timely persistence to the achievement of postsecondary credentials and incentivize loan recipients to work in public service. The loans or portions of the loans are forgivable for recipients who work in certain occupations.

Student Access Loan-Technical (SALT) Program

The Student Access Loan - Technical (SALT) Program is a need-based, low interest loan program administered by the Georgia Student Finance Authority (GSFA). The SALT Program may be funded by state general funds, proceeds from the Georgia Lottery for Education and public and/or private donations. The purpose of the program is to assist with the affordability of a college education at one of Georgia’s public technical colleges and encourage timely persistence to the achievement of postsecondary credentials. The loans, or portions of the loans, are forgivable for recipients who graduate with a minimum cumulative grade point average of 3.5.

Students must complete the FAFSA; however, the loan application must be completed at www.gacollege411.org